Americans Have $11.85 Trillion in Household Debt. How Did We Get Here?

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Sources:

Introduction:

https://daviddegraw.org/peak-inequality-the-01-and-the-impoverishment-of-society/

$11.85 trillion: https://www.newyorkfed.org/householdcredit/2015-q1/data/pdf/HHDC_2015Q1.pdf

1.

Household income, 1980: https://www.davemanuel.com/median-household-income.php

Household income, 2012: https://www.census.gov/prod/2013pubs/acsbr12-02.pdf

Medical services: https://www.aei.org/publication/the-college-textbook-bubble-and-how-the-open-educational-resources-movement-is-going-up-against-the-textbook-cartel/

https://research.stlouisfed.org/fred2/series/CUSR0000SAM2

Consumer price index: https://research.stlouisfed.org/fred2/series/CPIAUCSL

New homes: https://research.stlouisfed.org/fred2/series/MSPNHSUS

Household and national debts: https://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/

https://www.gobankingrates.com/savings-account/average-american-profile-earnings-spending-saving-money-today/

Total debt, auto loans: https://investor.equifax.com/releasedetail.cfm?ReleaseID=892028

June 2010: https://blogs.wsj.com/economics/2010/08/09/student-loan-debt-surpasses-credit-cards/

2.

Nonmortgage debts: https://www.urban.org/research/publication/delinquent-debt-america

Top 10 States: https://247wallst.com/special-report/2014/08/13/10-states-struggling-with-delinquent-debt/

59 percent: https://www.creditdonkey.com/average-american-savings-statistics.html

Savings rates: https://research.stlouisfed.org/fred2/series/PSAVERT/

3.

https://www.fdic.gov/bank/statistical/stats/2014sep/industry.pdf

https://www.creditcards.com/credit-card-news/bank-yields-loans-1276.php